A demand curve shows the relationship between the:
A) price of a product and the quantity that consumers are willing to buy.
B) price of a product and the quantity that producers are willing to sell.
C) income of consumers and the quantity of a product that consumers are willing to buy.
D) income of consumers and the quantity of a product that producers are willing to sell.

Question

Quizplus · Accepted Answer

A demand curve illustrates the relationship between the price of a product and the quantity that consumers are willing to purchase. It shows the quantity demanded at each price point, which demonstrates the inverse relationship between price and quantity demanded - as price increases, quantity demanded decreases.

A Demand Curve Shows the Relationship Between The